MetaWorks Platforms (XCNQ:MWRK) Change In Receivables : C$-0.09 Mil (TTM As of Mar. 2024)

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What is MetaWorks Platforms Change In Receivables?

MetaWorks Platforms's change in receivables for the quarter that ended in Mar. 2024 was C$0.07 Mil. It means MetaWorks Platforms's Accounts Receivable declined by C$0.07 Mil from Dec. 2023 to Mar. 2024 .

MetaWorks Platforms's change in receivables for the fiscal year that ended in Dec. 2023 was C$-0.19 Mil. It means MetaWorks Platforms's Accounts Receivable increased by C$0.19 Mil from Dec. 2022 to Dec. 2023 .

MetaWorks Platforms's Accounts Receivable for the quarter that ended in Mar. 2024 was C$0.09 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. MetaWorks Platforms's liquidation value for the three months ended in Mar. 2024 was C$-3.40 Mil.

MetaWorks Platforms Change In Receivables Historical Data

The historical data trend for MetaWorks Platforms's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MetaWorks Platforms Change In Receivables Chart

MetaWorks Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.07

-0.12

0.08

-0.23

-0.19

MetaWorks Platforms Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-0.04	-0.17	-0.37	0.38	0.07

MetaWorks Platforms Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.09 Mil.

MetaWorks Platforms (XCNQ:MWRK) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

MetaWorks Platforms's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.088	/	0	*	91
=

2. In Ben Graham's calculation of liquidation value, MetaWorks Platforms's accounts receivable are only considered to be worth 75% of book value:

MetaWorks Platforms's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.009	-	3.479	+	0.75 * 0.088	+	0.5 * 0
=	-3.40

MetaWorks Platforms Change In Receivables Related Terms

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MetaWorks Platforms (XCNQ:MWRK) Business Description

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MWRK:USA

Address

3250 Oakland Hills Court, Fairfield, CA, USA, 94534

Website

https://www.metaworksplatforms.io

MetaWorks Platforms Inc is a full-service blockchain and web development platform provider. The Company's business model is to provide a turnkey set of services to develop and integrate Web 3.0 / Metaverse technologies, NFT, blockchain, and cryptocurrency technologies. It offers a set of services for companies to develop and integrate blockchain and payment technologies into their business operations. It builds and operates FinTech Platforms-as-a-Service for digital currencies, digital securities tokens, and digital assets. The firm generates the majority of its revenue from the sale of movie rights.